What brokers need to know about 'gift letters'
A new court ruling about gift letters is offering brokers some expert advice they can pass along to clients, although they may want to do so on the QT.
O’Leary Mortgages open for business
Dragon Kevin O’Leary has now fired up his new brokerage with a soft launch and plans to ramp up during the summer for an official opening in the fall.
Notary suspension offers lesson for brokers
The suspension of a Vancouver notary over possible mortgage irregularities underlines the need for brokers to uphold standards of professionalism and integrity, says MBABC CEO Samantha Gale.
A deal killer brokers can overlook
Too many mortgage brokers are missing the biggest deal killer out there, says one Vancouver broker, and it can be easily avoided with one simple conversation.
At first a broker by chance, now by choice
MortgageBrokerNews is continuing its series of features on the finalists for Broker of the Year in both categories -- the under 25 employees and the 25 and over.
More than 1 in 10 brokerages without E&O
More than 10 per cent of Ontario brokerages are operating without the errors & omissions insurance required by the industry’s governing act, according to FSCO.
HELOC success? Depends who you ask
HELOCs and Lines of Credit have all but dried up for some brokers, while others continue to rely on them for their bread and butter.
Population growth will cure housing market: analyst
The only sure cure for Ontario’s sagging housing market is more people moving into the province, a CMHC analyst told brokers last week.
HELOCs, lines of credit at virtual standstill
Growth in HELOCs and other lines of credit have slowed to a virtual standstill, according to a new report from Equifax, suggesting brokers looking for real growth in that segment face increasing disappointment.
Association arms brokers for a fair fight
The Mortgage Brokers Association of B.C. is following its Ontario counterpart in offering member coverage for legal services in the event of an investigation by FICOM or a CRA audit.